When Kahneman meets Manski: Using dual systems of reasoning to interpret subjective expectations of equity returns

Article, Preprint English OPEN
Gouret , Fabian; Hollard , Guillaume;
  • Publisher: Wiley
  • Subject: [ SHS.ECO ] Humanities and Social Sciences/Economies and finances | investment funds. | investment funds,Subjective probability distribution,dual system of reasoning,investment funds. | dual system of reasoning | investment funds | Subjective probability distribution

International audience; To understand how decisions to invest in stocks are taken, economists need to elicit expectations relative to expected risk-return trade-off. One of the few surveys which have included such questions is the Survey of Economic Expectations in 1999... View more
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